Jefferies CEO Rich Handler cashes in more than $65M in stock to buy yacht

Rich Handler recently offloaded a boatload of Jefferies Financial Group stock.

The investment bank on Wednesday disclosed the transaction in both a press release and Securities and Exchange Commission filing, saying its CEO had done so "to facilitate the purchase of a personal boat and to pay tax obligations."

The sale involved 1.5 million shares and equated to $65.25 million, according to Jefferies.

Handler said in a statement that he "do[es] not intend to sell any further shares."...